AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) Sees Significant Drop in Short Interest

AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,295 shares, a decrease of 73.0% from the May 31st total of 12,226 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 12,405 shares, the short-interest ratio is currently 0.3 days.

AdvisorShares HVAC and Industrials ETF Trading Up 2.5%

Shares of AdvisorShares HVAC and Industrials ETF stock traded up $0.99 during midday trading on Monday, reaching $40.76. The company had a trading volume of 30,943 shares, compared to its average volume of 8,889. The stock has a fifty day simple moving average of $40.36 and a 200 day simple moving average of $36.52. The company has a market capitalization of $10.19 million, a price-to-earnings ratio of 20.77 and a beta of 1.27. AdvisorShares HVAC and Industrials ETF has a 1-year low of $27.57 and a 1-year high of $43.41.

Hedge Funds Weigh In On AdvisorShares HVAC and Industrials ETF

A hedge fund recently bought a new position in AdvisorShares HVAC and Industrials ETF stock. Susquehanna International Group LLP acquired a new stake in shares of AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,159 shares of the company’s stock, valued at approximately $220,000. Susquehanna International Group LLP owned 6.51% of AdvisorShares HVAC and Industrials ETF as of its most recent filing with the Securities & Exchange Commission.

About AdvisorShares HVAC and Industrials ETF

The AdvisorShares HVAC and Industrials ETF (HVAC) is an exchange-traded fund that mostly invests in industrials equity. The fund is actively managed, seeking long-term capital appreciation through investments in US companies within the heating, ventilation, and air conditioning (HVAC) industry and broader industrial sector. The funds advisor considers companies for either growth or value opportunities HVAC was launched on Feb 3, 2025 and is issued by AdvisorShares.